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Search Results 0 to 11 of about 12 (some duplicates have been removed)
. >> very nice. >> all right. aside from that, we'll take a look at upbeat economic news out of china. the purchasing managers index rising to 50.9 in december. highest level since august. the surge also helped speculation the chinese government will take additional steps to support its economy. of the 15 times china's up 3%, since '09, s&p that day is up 13 times. almost every time. despite the futures today, is it a good omen for the markets here? >> look, there was a dichotomy in that government. there were people who were concerned about inflation. and there were people who said, listen, we're not growing fast enough. they do have a lot of levers. if they want to grow, i still -- i've been a bull on china. if they want to do 9%, 10%, they have the ability to do it. all they have to do is have a gigantic sewer infrastructure program. >> that's true. there's going to be an economic war conference held soon. it's believed the government will start to release growth forecast at that conference and perhaps unveil some further stimulus measures or tip their hat in terms of whether they
for the group. he was promoted second-in-command earlier this year. >>> back to the economy now, china apparently going on an american spending spree. a chinese company agreed to buy a big chunk of insurance giant aig for more than $4 billion after the company got a huge bailout during the u.s. financial crisis. that is not the only bargain that china is picking up from u.s. taxpayers lately. stuart varney on this morning, head of "varney & company" on fox business network. good morning, stuart. good to see you. >> good morning, martha. martha: they're gobbling up our assets in many ways . what do you make of it. >> they are spending the money they have got buying american assets cheap. you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax s
we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make headway there to make sure they stay on their reform path so they continue to grow and the world economy will be stronger. >> i agree, it's unanimous, the big foreign policy challenges are coming at him. he can't avoid them. he's got to deal with iran, he's got to deal with syria, he's got to deal with afghanistan. chris: do we have a chance with iran? everybody worries about this -- do we have a chance to stop them from nuclear weaponnizing? >> yes, the elements of the deal, what's called th
is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls f
forces. itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbs on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today at the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s. allied countries, also called for swift international action to end the bloodshed in syria. in central asia, a military plane crashed early this morning in kazakhstan killin
to year. it is hard to estimate countries like china because they are now pricing things the same way. they have large land forces and they are not deployed across the world. submarines and missiles. china is probably number one on the list. host: this from twitter. guest: that refers to overseas contingency operations. this is a fund that paid for the wars in iraq. it is about $88 billion in that account. there is a pentagon and washington funny math. some people say if the project out, we will save all this money. i wrote a report about saving $1 trillion. most of our troops will be out of afghanistan by 2014. nobody expects it will spend this level of money going out the long term in the future. so the $1 trillion in savings is money we would not have spent anyway. there are some built-in drawdowns in the defense department. in.se were built an about $487 billion over 10 years. they are coming back down. about 100,000 or so and they are built into the system. the pentagon is looking at things that way. host: roger in texas, republican caller. go ahead. caller: i am amazed i got thr
. what if everyone in china had two cars and a swimming pool? that is not sustainable. the reason we cannot make any political progress is we have this cognitive dissonance. at the beginning of the session assayed save your money and consume more. at the same time. amazing. we have got to get beyond an economy that is predicated on unlimited, increasing amounts of consumption was no end in sight. the end is in sight. maybe if we have to cope with the reality for awhile longer, we can be more intelligent. >> on that note, we have to wrap up. one of the things that intrigued me with these kinds of situations is that ideas are very -- is very scarce resource and we have to think about maximizing and amplifying ideas. that is so incredible. the idea of possibility is so, i think, important to celebrate. when i say possibility, if people say you cannot do that and cannot do this and cannot think that, people are like -- there is a [inaudible] at work. we have to rebuild a new economy. above all, the fact that you're right. if we do not do it the planet will do it for us. i will leave it a
about how china is taking over. what we need to make some decisions that is going to help the america people, corporate america, middle-class america, those individuals that are not in the capacity whatever so ever, i expect our elected officials to getting together, work this thing out, do the right thing, quit the fighting and come up with a solution even if they have to go back after the fact and just get things the way they are supposed to be. >> some of the expectations there from willard. we're going to go on to cal on the republicans line in tennessee. what do you think of the fiscal cliff and where the negotiations are so far? >> i think they ought to go over the fiscal cliff. we have people like that that are on the government bill too long. they are sucking the tit of the federal government. i think everyone should pay their fair share. we have almost a $17 billion national debt. not only, the rich but everyone should pay their fair share. we also need some spending cuts too. $3 for every $1. if you don't do this we're going top find ourselfs in a situation -- you want to ta
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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